Y Intercept Hong Kong Ltd Makes New Investment in Nu Holdings Ltd. $NU

Y Intercept Hong Kong Ltd purchased a new position in shares of Nu Holdings Ltd. (NYSE:NU) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,319,643 shares of the company’s stock, valued at approximately $31,826,000. NU accounts for about 0.8% of Y Intercept Hong Kong Ltd’s investment portfolio, making the stock its largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bessemer Group Inc. increased its stake in NU by 2.4% during the second quarter. Bessemer Group Inc. now owns 148,464 shares of the company’s stock worth $2,037,000 after purchasing an additional 3,545 shares during the period. Envestnet Asset Management Inc. increased its stake in NU by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 3,368,242 shares of the company’s stock worth $46,212,000 after purchasing an additional 16,362 shares during the period. Nisa Investment Advisors LLC grew its position in shares of NU by 1,363.3% during the second quarter. Nisa Investment Advisors LLC now owns 87,800 shares of the company’s stock worth $1,205,000 after buying an additional 81,800 shares in the last quarter. Orion Capital Management LLC grew its position in shares of NU by 188.7% during the second quarter. Orion Capital Management LLC now owns 15,300 shares of the company’s stock worth $210,000 after buying an additional 10,000 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in shares of NU by 76.9% during the second quarter. Whipplewood Advisors LLC now owns 6,223 shares of the company’s stock worth $85,000 after buying an additional 2,706 shares in the last quarter. 84.02% of the stock is currently owned by hedge funds and other institutional investors.

NU Price Performance

NU stock opened at $15.86 on Monday. The business has a 50 day moving average price of $15.17 and a 200 day moving average price of $13.37. The stock has a market cap of $76.40 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 0.82 and a beta of 1.08. Nu Holdings Ltd. has a fifty-two week low of $9.01 and a fifty-two week high of $16.42. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.24.

NU (NYSE:NU) last posted its earnings results on Thursday, August 14th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.78 billion. NU had a return on equity of 29.91% and a net margin of 17.90%.During the same quarter in the previous year, the business earned $0.12 earnings per share. Equities research analysts anticipate that Nu Holdings Ltd. will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. UBS Group boosted their price objective on NU from $15.60 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, October 16th. Citigroup raised NU from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $9.00 to $18.00 in a research report on Wednesday, August 20th. JPMorgan Chase & Co. boosted their price objective on NU from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Itau BBA Securities raised NU from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research report on Monday, August 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of NU in a research report on Saturday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.10.

About NU

Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.